Browsing BI Open by Author "Zhang, Danielle"

Now showing items 1-2 of 2

    • CEO Dividend Protection 

      Zhang, Danielle (Journal article; Peer reviewed, 2018)
      This paper studies CEO dividend protection, an important element in the executive compensation package that protect CEOs’ compensation from stock price drops due to dividend payments. First, I show that there is large ...

    • How important are risk-taking incentives in executive compensation? 

      Dittmann, Ingolf; Yu, Ko-Chia; Zhang, Danielle (Journal article; Peer reviewed, 2017)
      We consider a model in which shareholders provide a risk-averse CEO with risk-taking incentives in addition to effort incentives. We show that the optimal contract protects the CEO from losses for bad outcomes and is convex ...